HH income of £250k but we don’t feel rich?

[Bdrgvlugcbu]

Not a brag in the slightest! And wouldn’t discuss this non-anonymously.

DH earns just over £250k per year. Has fallen into the role really and is based on natural ability/talent as oppose to lots of hard work and training. He works very long hours though. I’m a SAHM to 3 young children.

Take home is approx £12k per month.

School fees: £3,000 per month
Mortgage, car and bills: £3500 per month
Personal savings £2000 per month
Kids savings: £450 per month
DH and I take: £500 personal money each per month
Leaves us with £2,000 per month for general spending, food shopping, days out, holidays, children’s clothes…

We don’t really go without, but we don’t feel “well off” by any means. Where are we going wrong?!

But you save almost 30,000 per year which is more than some people earn!

🤣🤣

YANBU. Things have become very difficult recently with cost of living increases. We have had to cut back trips on both our jet and yacht in the last year due to increases in the cost of jet fuel. We’ve also had to cut down on baths as the cost of asses’ milk has gone up over 20% in the last year.

I'm embarrassed for you... 🫣

If you don’t know where you’re going wrong, you must be fucking stupid! Take the kids out of private school, downsize, get rid of a car if you’ve got two, reduce savings per month. There you go sorted.

We earn a lot less but don't pay the school fees or save anywhere near as much as you per month. You've made the choice to spend the money they way you do.

Is that it, no wonder you’re struggling
your poor children

as a starting point but a few large chickens which should feed you until summer

May I suggest stretching a chicken across the week and growing your own lentils.

Just go and work then! Saving 2K a month is having lots of leftover money btw

Start shopping at aldi
State schools will be ok for littluns
They don't need their own savings- the can get paper rounds at 13
Get a side hustle yourself ?

🤣🤣🤣

You have £2.5 k left over each month 😂😂😂

You are able to save £3,350 a month, have £1000 fun money, £3000 school fees and £2000 for everything else. And on one income meaning you can afford to be a SAHM. If this is real, you need to seriiously realise your privilege and how high your house hold income is.

🤣🤣🤣

£2.5 K to survive the month? For 5 people? Whilst saving £2.5 K ?

You seriously don't feel well off? Even with a spendy amount on food shop etc you've still got £1.5k..... Hmmmmm

😂 so you are saving £2,500 per month! That’s money you could spend if you wished to.

Also school fees £3k, is optional.

This

Maybe send your kids to state school. They won't catch poor, promise.

I can’t believe you just posted this on mumsnet 😅😅😅😅

Save less, spend less.

Put it all on a spreadsheet.

We are trying to save as much as possible as we don’t have much in terms of pensions at the moment.

£3350 a month saved! £450 for each of the kids.

Let's swap incomes and then you'll feel you were rich lol.

So being generous and saying your food costs £1000 per month. After all bills, housing, car, food and school fees you still have around £4500 a month left for savings, personal and discretionary spending.

£4500 is more than the majority of households have in total to cover everything, bills, housing, food and everything else.

You are doing nothing wrong except thinking that you are not well off. You are exceptionally well off.

But you have £2.5k per month left over which you put into savings. That’s £30k a year which is more than some people earn.